Filed April 30, 2021
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,153 | $50,637-32.6% | $86,582-60.6% | $62,293-45.2% |
| Participation rate | 100.0% | 67.9%+32.1pp | 73.5%+26.5pp | 69.5%+30.5pp |
| Annual return | 21.76% | 20.80%+1.0pp | 965.08%-943.3pp | 28.90%-7.1pp |
| Employer contribution / active EE | $2,581 | $2,075+24.4% | $2,839-9.1% | $2,042+26.4% |
| Participant deferral / active EE | $4,943 | $2,611+89.3% | $3,609+37.0% | $3,169+56.0% |
| Admin fee / account holder | $4,064 | $413+883.3% | $4,904-17.1% | $479+747.8% |